IBM is a hugely profitable company. But it's definitely in the midst of a major transformation. Analysts had modest expectations for IBM's first-quarter earnings, a traditionally weak one, and IBM didn't fully deliver, coming in light on revenues. On the bright side: IBM was right on the money for its earnings per share, $2.54, matching exactly the consensus EPS estimate of $2.54. It is still marching firmly toward $20 EPS by 2015. Then again, GAAP net income was $2.4 billion, down 21 percent, i...
IBM is a hugely profitable company. But it's definitely in the midst of a major transformation. Analysts had modest expectations for IBM's first-quarter earnings, a traditionally weak one, and IBM didn't fully deliver, coming in light on revenues. On the bright side: IBM was right on the money for its earnings per share, $2.54, matching exactly the consensus EPS estimate of $2.54. It is still marching firmly toward $20 EPS by 2015. Then again, GAAP net income was $2.4 billion, down 21 percent, i...
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